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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] Intel, a leading semiconductor company in the United States, has begun notifying employees globally about layoffs. This decision follows the company's record operating losses since its founding in 1968, prompting a significant restructuring effort.
In contrast, Taiwan's TSMC, a prominent semiconductor foundry, is ramping up its hiring in Europe. This follows the construction of its first European semiconductor manufacturing facility in Dresden, Germany, as part of its expansion plans.
The situation illustrates the contrasting fortunes of global semiconductor firms. While Intel struggles due to years of focusing on cost-cutting at the expense of timely advanced technology development, TSMC continues to thrive with its singular focus on the foundry business.
On October 15, Intel announced restructuring measures that affect its global workforce, including its Korean branch. A total of 15,000 employees, accounting for 15% of its workforce, received layoff notifications. An industry insider noted, "Intel has reported significant operating losses of $1.1 billion in Q1 and $1.6 billion in Q2 this year, leading to this restructuring. It appears that the layoffs primarily target senior-level employees with high salaries."
Intel previously announced aggressive self-restructuring efforts, including plans for $10 billion in cost reductions, halting dividends, spinning off its foundry business, separating its subsidiary Altera, pausing European factory construction, and reducing global real estate holdings by two-thirds.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
